SoftBank Group Prices 1 Trillion Yen Bond

MT Newswires Live

09/04

SoftBank Group (TYO:9984) set the coupon rate for its 1 trillion yen bond at 4.75% per annum.

The 7-year bonds will mature on Sept. 16, 2033, according to a Tokyo bourse filing on Friday.

The debt offering will run from Sept. 7 to Sept. 16, with an issue date of Sept. 17.

Proceeds will be used to redeem existing domestic bonds and partly finance the acquisition of ABB's robotics division.

The public offering mainly targets individual investors in Japan.

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